“When your neighborhood monument needs to be repaired or replaced, or the community pool needs to be re-surfaced, you don’t plan the budget for these projects the year before. You need to plan years in advance for all of the common assets.”
– William K.
Board members understand the benefits and value of maintaining community assets. They also know the negative impact deferring required maintenance can have on property values and community morale. Here are a few things to consider for association asset maintenance:
To find out the answer to these questions and many more, board members are encouraged to view the 3 part video series on Asset Management and Reserve Funding. (Scroll down to view videos below.)